Press on Financial Warrior, YOU Mighty Man of Valour!
Disclaimer: This blog is provided for education/information purposes and should not be used as an enticement to invest in any financial products
Putting Talents to Good Use
Press on Financial Warrior, YOU Mighty Man of Valour!
I have picked up a sizeable position of around 7-Figures in the 3 local banks over the past few years, as I felt that they were undervalued for such well managed companies. Dividend yields have also been comparable to reits, plus the business model of banks are proven historically and simple to understand. Banks risk rating of AA (low risk) also beats BBB (medium risk) for most reits by at least 2 notches
Press on Financial Warrior, YOU Mighty Man of Valour!
Both UOB and OCBC announced good Q3 results today, plus DBS yesterday. While many would agree that these are all great results, still an eye-popping single day increase of around 9% for UOB and 2% each for OCBC and DBS has been quite pleasantly surprising! I couldn't resist to sell some OCBC to take some profit, with upcoming weekend & possible China govt positive announcements, which might pull some funds back into undervalued HK markets